keenstyle1's  Instablog

  Some of the biggest commodity ETFs and ETNs are soon to not issue any additional shares. This is a joke and a flaw in the creation of a lazy financial instrument created by geniuses who wanted to offer commodity trading to mutual funds and private clients that were too lazy or scared to trade the actual derivative. It was predicted at one time at the creation of these derivatives of derivatives of commodities were going to replace commodity and financial futures. Well the CFTC doesn’t want that stupid! These markets were made for bonified hedgers and educated experienced traders, not lazy mutual fund managers who want to book commodities into their portfolio.
   The CFTC really is killing two birds with one stone investigating ETFs which is supposedly why they aren’t issuing more shares. In order for the ETF to continue issuing it has to continue buying the physical commodity. No matter what the all time dullest financial media puppet Bob Pisani says, this is  a great alibi for the CFTC not to have to tackle the real problem of Hedge Fund’s herding individual commodity prices via their invisible OTC trading.